Shoe Zone achieved a rise in revenues and earnings last year, when stores performed strongly.
Shoe Zone reported sales up to £156.2m from £119.1m the previous year, while pre-tax profits were ahead to £13.6m from £9.5m.
Shoe Zone said it had a “very positive year” to October 1 2022 and there was “strong trading” during the key back-to-school period.
Store sales climbed to £129.8m from £88.6m. Digital revenues slipped to £26.4m from £30.5m, and Shoe Zone said the 13.5% decine was “in line with management expectations post pandemic”.
Over the year the 360-store retailer closed 63 branches, opened 13 and converted 11 to its new formats.
Shoe Zone said: “As we refit existing stores to our new formats, the branded mix will continue to form a higher proportion of our overall sales.”
Shoe Zone is achieving an average reduction of 30% on its store rents on an annualised basis.
The retailer said: ”We will continue to roll out our successful big-box and hybrid formats by targeting key towns for conversion or relocation. Our ultimate goal is a doubling of big-box locations to approximately 100 and an increase in hybrid stores from 44 to approximately 150.”
The retailer did not update on Christmas trading.
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